Chief Executive Officer of Newmont Mining Corp., Richard O'Brien delivered, the price of gold can penetrate 2500 U.S. dollars per troy ounce (equivalent to 31.1 grams) in 2013. "It would be a lot of volatility going forward, up, but volatile," said O'Brien, in an interview with Bloomberg television, in Dalian, China on Thursday (09/15/2011).
"That's the key, but volatile ride. I do not think it would be much weaker, "added Richard.
So far, the price of gold has grown by 29 percent this year. This year is the 11th year for the trend of commodity gold to increase.
For information, trading gold futures for December delivery fell by 3.60 dollars or 0.2 percent, to 1826.50 U.S. dollars per troy ounce at 1:59 PM on the Comex, New York. Earlier, prices also fell 0.9 percent. In fact, gold prices had touched a record on Sept. 6 last year amounted to 1923.70 U.S. dollars.
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